Issue of share at value below previously issued price
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
11 June 2011
If a Pvt. Ltd. Co. issued share at less price then previously issued price.then what are the precautions that we have to take care of. for eg. A co's share price is Rs. 310/- (Rs. 10/- Face Value & Security Premium is Rs. 300/- per share), Now co. want to increase its paid capital at say Rs. 25/- per share(Rs. 10/- Face Value & Rs. 15/- security premium)
CA Suresh Jain
(Expert)
12 June 2011
A Company can do it. There is no restriction as to issue price should not be less than the earlier issue price.-sureshjain.nj@gmail.com
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